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PEMEX Financial Losses at Pandemic Levels
By Perla Velasco - Wed, 07/31/2024 - 13:18
PEMEX reported significant losses and decreased profits. Yet, the NOC does not plan to return to bond markets to finance its debt.
https://mexicobusiness.news/tag/carlos-cortez
More Oil & Gas
PEMEX Unveils Sustainability Plan to Secure Favorable Financing
By MBN Staff - Tue, 04/02/2024 - 09:14
The plan outlines the company's commitments to reducing emissions, with a focus on methane reduction and transitioning to cleaner energy sources.
PEMEX to Allocate US$6.3 Billion to Pay Interest on Debt
By Karin Dilge - Wed, 12/06/2023 - 11:45
PEMEX will allocate over MX$109 billion (US$6.3 billion) solely for the interest on its long-term financial debt this year.
Deer Park Achieves 16-Year Operational High: PEMEX
By Karin Dilge - Tue, 11/21/2023 - 11:06
PEMEX announces significant operational and financial success at the Deer Park refinery in Houston, Texas.
PEMEX Faces Liquidity Concerns as Debt Looms
By Karin Dilge - Sat, 08/26/2023 - 01:55
PEMEX grapples with debt and liquidity worries, despite substantial government aid.
PEMEX Receives US$3.8 Billion, Contemplates Bond Market Return
By Karin Dilge - Thu, 08/03/2023 - 11:12
PEMEX’s challenges persist under López Obrador, impacting profits, revenues, and ratings.
PEMEX Refinances Debt
By Perla Velasco - Tue, 08/01/2023 - 14:04
This refinancing initiative will be complemented by an injection of capital from the government.
PEMEX Reports Profit Decline, Financial Challenges in 2Q23
By Karin Dilge - Tue, 08/01/2023 - 06:10
The NOC faces a drop in profitability and mounting financial hurdles in 2Q23, attributed to lower revenues, asset deterioration and debt concerns.
PEMEX Cuts Losses by 11%
By Karin Dilge - Fri, 03/03/2023 - 03:44
The NOC reduced its losses by 11% in 4Q22.
Carlos Cortez To Be Named Latest PEMEX CFO
By Conal Quinn - Tue, 09/06/2022 - 18:33
PEMEX is set to change its Director of Finances for the second time in ten months, with incumbent Antonio López returning to his previous role.